A Modified Gross Lease is a type of commercial lease agreement where the tenant pays a base rent along with a specified combination of the operating expenses associated with the property. These expenses can include utilities, maintenance, insurance, and taxes. The unique aspect of this lease is the negotiation flexibility it offers, allowing tenants and landlords to tailor the agreement...
During this COVID-19 pandemic, we have been hard at work checking on clients, keeping deals moving forward, and doing our best to see around the corner of what this unprecedented event will mean for our commercial real estate industry. We felt that it would be helpful in this time to share some of the feedback and insights we’ve received from the...
Hey everybody! I hope you are out there staying safe, staying healthy, staying clean. We've got our Lysol wipes and staying clean here at Elifin! Make sure you sanitize, because we've got the coronavirus going around and there's serious health concerns there. But, I'm coming to you with three economic survival tips for tenants. This mostly applies to retail tenants because,...
Big data is not necessarily a new concept. However, it has been a big topic of conversation when it comes to commercial real estate lately. “Although Big Data is not new, its exponential growth within CRE is. Today’s challenge involves getting a handle on a workable platform, taking the right steps in assembling a CRE data repository, isolating meaningful data...
Did you know that according to The Wall Street Journal, real estate buyers spend 60% of their time looking at photos and listings with high-quality photos can gain anywhere between $934 and $116,000 on the market? So, when they say a picture is worth a thousand words, it might also be worth a thousand dollars. What can you do to...
Shared office space is all the rage right now, but just because it is popular does that mean it is profitable? As an investor, should you invest in a shared office space? In case you have been considering it, let's take a look into the pros and cons of coworking spaces. What Exactly is a Coworking Space? Coworking is a newer term...
When investing in commercial real estate, everyone wants to work as efficiently as possible and get the best deals out there. You’re no exception. To accomplish this, many investors and business owners hire professional real estate brokers to help with their purchasing & leasing. You are probably reading this article because you’re currently deliberating whether or not you should hire a...
So, you’re thinking about relocating your business. Whether you are moving for personal reasons, business opportunities, or just because you want a change of scenery, moving can be a big change in your life. A relocation can often affect your business in an extremely positive manner, but it is always important to be prepared. If you are thinking of relocating...
In today’s society, time can be called one of our most precious commodities. If you are planning on buying a commercial property, it is incredibly pivotal to use your time wisely. These 6 things are major wastes of time, also known as “time sucks” for investors looking to buy a commercial property. Let’s look at the things that should be...
When it comes to purchasing an investment property there are many reasons why investors are attracted to commercial real estate. Commercial investment properties often offer promising returns with low risk. However, as a new investor, or one looking to move into commercial investing, you may be interested in learning about some of the best tips for diving in. Here's a few...